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In-PersonVirtual Tour
$10,000,000
Est. payment /mo
0.43 Acres Lot
OPEN HOUSE
Fri Apr 25, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82002833
HOA Y/N No
Year Built 1962
Annual Tax Amount $128,883
Lot Size 0.433 Acres
Property Description
CALL FOR OFFERS: Wednesday, May 14th at 1:00 PM. Marcus & Millichap is pleased to present El Dorado Apartments, a rare opportunity to acquire a high-quality multifamily asset across from San Jose State University. Located at 315 East San Fernando Street, this well-positioned property features 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit. The building totals 30 units, offering approximately 27,552 square feet of living space on an 18,870-square-foot lot. Built in 1962, El Dorado Apartments is considered Type III construction and features a podium-style design, with a concrete target story providing enhanced fire resistance and structural integrity. This style of construction is more durable and costly to build, offering long-term value through concrete materials versus wood frame. With generous unit sizes, superior construction, and a desirable downtown location, the property delivers the ideal blend of convenience, durability, and strong rental demand.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning C
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Total Parking Spaces 30
Building
Water Public
Schools
Elementary Schools Horace Mann
Middle Schools Herbert Hoover
High Schools Abraham Lincoln
School District San Jose Unified
Others
Tax ID 46724109
Special Listing Condition Standard
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Listed by Jimmy Castellanos • Marcus & Millichap